The cup and handle chart pattern is a popular technical analysis tool used by traders to identify potential buying opportunities. It resembles the shape of a tea cup, with a curved bottom followed by a smaller dip, which forms the "handle." This...
CHEATER TRADING JOURNAL GOLD I am looking at gold on the hourly chart. The pair was trading in the green range. There was an exit from this range upwards, a range was formed. I assumed that the pair would go lower, because the seller was gaining...
CHEATER TRADING JOURNAL EUR/USD Greetings to all who read me! In this situation, I would consider buying from the price of 1.1161. If suddenly the chart goes down to 1.1100, I will consider it necessary to close the deal. I expect to receive income...
The GBP/USD pair formed a Hanging Man candlestick reversal pattern (blue rectangle on the chart below) on Wednesday, suggesting that the pair may have further downside in the near term. This pattern was confirmed after a long red bearish day that...
EUR-USD H4 ANALYSIS CHART Salutations, Ram Adis! Regarding the EUR-USD trading instrument, we can observe that the European currency ended the week stronger versus the US dollar. Based on the technical aspects of the movement, we can see that the...